Re:Evergrande has defaulted on its debt, Fitch Ratings says
by handrous on Thursday December 09, 2021 @11:08AM
(#29499046)
I do notice that even the nicer side of middle-class houses use worse finishing materials now. I've got relatives in ones built in the 80s and early 90s (and I lived in such myself, for many years). Solid wood doors, actual wood trim, throughout. Even cheap houses then at least had hollow wood veneer doors and real wood trim. Now? Hollow particle board (so, basically heavy cardboard) doors, particle board trim, even on a half-million dollar house (in a market where that's still pretty damn expensive).
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Re:Evergrande has defaulted on its debt, Fitch Ratings says
by lotsofpulp on Thursday December 09, 2021 @11:14AM
(#29499136)
That is a result of people choosing to spend more on land (i.e. location) than the house. Probably explained by population exploding more than the number of desirable places to live.
But the underlying fact remains that the structure and infrastructure (electrical, plumbing, gas, air ventilation) of a 2021 house are likely going to be much better than those of a home from a previous era.